BlockBeats News, April 2nd, Solana ecosystem lending protocol Loopscale posted on X platform stating that most of its products (including USDC Genesis and USDC OnRe vaults) were not directly affected by the Drift incident, ensuring fund safety. Approximately $170,000 in deposits in the SOL Genesis vault are allocated to MarginFi, with a small portion potentially exposed indirectly through collateral from Project0 borrowers’ Drift positions. In case of any loss, Loopscale will fully compensate affected users.
Due to MarginFi pausing protocol functionality, deposits and withdrawals for the SOL Genesis, JitoSOL ONE, and wETH ONE vaults are temporarily disabled. Loopscale will re-enable these functions once MarginFi resumes normal operation and will promptly update users on the progress.
